Regional Opportunity Initiatives Inc

Organization Overview

Regional Opportunity Initiatives Inc is located in Bloomington, IN. The organization was established in 2015. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Regional Opportunity Initiatives Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regional Opportunity Initiatives Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2023, Regional Opportunity Initiatives Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (26.3%) each year. All expenses for the organization totaled $8.0m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Regional Opportunity Initiatives Inc has awarded 137 individual grants totaling $14,658,420. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE ORGANIZATION IS TO SUPPORT REGIONAL DEVELOPMENT OPPORTUNITIES IN THE 11 COUNTIES OF SOUTHWEST CENTRAL INDIANA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THROUGH AN INITIAL GRANT THROUGH LILLY ENDOWMENT INC., THE ORGANIZATION IS IMPLEMENTING AN EDUCATION AND WORKFORCE PLAN AND REGIONAL OPPORTUNITY FUND FOR QUALITY-OF-PLACE INVESTMENTS. THEY ARE DEPLOYING A PLAN FOCUSED ON CONNECTING EDUCATION TO INDUSTRY AND CREATING A LOCAL WORKFORCE THAT IS PREPARED FOR THE DEMANDS OF EMPLOYERS. AS PART OF THIS EFFORT, ROI IS CONDUCTING A COMPREHENSIVE AND ONGOING OCCUPATIONAL NEEDS ASSESSMENT WITHIN THE REGION, INITIALLY FOCUSED ON LIFE SCIENCES, ADVANCED MANUFACTURING AND NATIONAL SECURITY AND DEFENSE SECTORS. THE RESULTS OF THE OCCUPATIONAL NEEDS ASSESSMENT HELPS INFORM A WIDE RANGE OF INITIATIVES AND STRATEGIES THAT ARE DEPLOYED ACROSS THE 11 COUNTY REGION.


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Board, Officers & Key Employees

Name (title)Compensation
Bill Kaiser
Director
$0
Brenda Reetz
Director
$0
Bryant Niehoff
Director
$0
Chuck Johnson
Director
$0
David Johnson
Director
$0
Jeff Quyle
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Teconomy Partners Llc
Contracted Service
$290,000
Devx Llc
Contracted Service
$234,999
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $763,836
All other contributions, gifts, grants, and similar amounts not included above$176,205
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$940,041
Total Program Service Revenue$0
Investment income $193,104
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,585
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,135,730

Grants Awarded

Over the last fiscal year, Regional Opportunity Initiatives Inc has awarded $6,106,110 in support to 42 organizations.

Grant RecipientAmount

MONROE COUNTY COMMUNITY SCHOOL CORPORATION

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$577,969

DEVX LLC

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$420,000

GREENE COUNTY FOUNDATION

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$53,500

DAVIESS COUNTY COMMUNITY FOUNDATION

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$53,500

BROWN COUNTY COMMUNITY FOUNDATION

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$53,500

CRAWFORD COUNTY ECONOMIC DEVELOPMENT CORPORATION

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$50,000
View Grant Profile

Peer Organizations

Organization NameAssets
Moose Charities Inc
Mooseheart, IL
$19,030,673
Veterans United Foundation
Columbia, MO
$10,604,307
Schuler Education Foundation
Lake Bluff, IL
$24,563,971
Vela Education Fund
Glencoe, IL
$16,079,595
University Of Louisville Real Estate Foundation
Louisville, KY
$30,989,906
Franciscan Sisters Of Chicago Service Corporation
Lemont, IL
$12,705,093
Midway Usa Foundation Inc
Columbia, MO
$45,219,850
Steve Stricker American Family Insurance Foundation Inc
Madison, WI
$8,620,196
Regional Opportunity Initiatives Inc
Bloomington, IN
$1,135,730
Delta Dental Of Illinois Foundation
Naperville, IL
$2,531,608
Hope Gospel Mission Inc
Eau Claire, WI
$7,620,869
Mercy Health Corporation
Rockford, IL
$7,325,634
Thedacare Family Of Foundations Inc
Appleton, WI
$6,063,287
Ascension Wisconsin Foundation Inc
St Louis, MO
$10,957,441
Bass Pro Shops & Cabelas Outdoor Fund
Springfield, MO
$8,586,448
Community Foundation For The Land Of Lincoln Inc
Springfield, IL
$7,896,379
Pat Tillman Foundation
Chicago, IL
$4,945,986
Porter County Government Charitable Nonprofit Foundation Inc
Valparaiso, IN
$7,288,446
Code Family Foundation
Hinsdale, IL
$2,569,791
Chicago Scholarship Fund Inc
Chicago, IL
$5,200,805
Newthreads Of Hope Inc
Wauwatosa, WI
$8,239,416
Coxhealth Foundation
Springfield, MO
$8,183,625
Asset Funders Network
Chicago, IL
$4,377,951
The Foundation For The Center For Hospice And Palliative Care Inc
Mishawaka, IN
$3,063,122
Mara Elephant Project Usa Inc
Carmel, IN
$4,335,690

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